Whether you are a first-time landlord or you oversee a whole portfolio of properties, it can be a never-ending task to keep on top of everything. From repairs and maintenance to finding new tenants, there is always something that needs your attention. It can be overwhelming if you don’t know where to start, but did you know that you can enjoy all of the benefits that come with being a landlord without having to deal with any of the stress and hassle? If this sounds too good to be true, then you need to carry on reading! We’ve put together the ultimate guide to Lambeth property management so you know exactly what property management is, and how it can help you in the long run.
What is property management?
Property management is essentially someone who will oversee your property. We can look after your property and support you as a landlord through the entire tenancy process. The main purpose of property management is to make your life that little bit easier and to help take all of the stress and hassle of running a property away from you. We are here to ensure that all the necessary admin is taken care of, and all of the legal requirements are met. We make sure that your properties are all well maintained and we help to resolve any issues that may arise so that you don’t have to. We are the perfect solution for landlords who lead busy lives, or for those who simply don’t know enough about letting a property. All you have to worry about is receiving your rent each month – it really is that easy.
What does a property management company do?
Manage the day-to-day affairs
One of the most basic services that a property management company will offer is keeping on top of all the day-to-day affairs and jobs that are required at your property. At a basic level, you can expect:
- Handling of tenant requests, complaints and emergencies
- Overseeing maintenance and repair work
- Ensuring lease agreements are fulfilled
- Advertising your property when it needs to be filled
- Helping with budgets and recommendations
It is the property management company’s job to keep you fully informed of everything that concerns your property, whilst keeping all of the small and niggly issues out of your hair. A good property management company will be able to determine when to involve the landlord, and you will have the option to be as involved as you like.
Maintenance and repairs
When you are letting a property, general wear and tear is to be expected. However, there might be times when unexpected repairs or maintenance issues need to be handled quickly and effectively. A property management company will handle all aspects of property maintenance, including:
- Conducting frequent inspections of your property’s interior and exterior
- Performing seasonal maintenance with trusted contractors
- Investing in preventative property maintenance to reduce the risk of future disasters
- Enforcing health and safety standards when repairs have to be undertaken
When it comes down to property maintenance, we are here to take care of your property to ensure that everything runs smoothly. Quick response times and competitive pricing from our network of contractors mean that you can enjoy maximum profits.
Tenant management
We are here to make your life easier, and that means being the sole point of contact for both tenants and landlords. Any questions or queries should be directed to your property management company, and we will only involve you if there is something serious. Our tenant management services include:
- Advertising for potential new tenants.
- Screening and credit checks for any applicants.
- Showing prospective tenants around the property.
- Managing leases from start to finish.
- Ensuring that the rent is appropriate for the market.
- Collecting and looking after the security deposit
- Collecting the monthly rent on time
- Dealing with the administration that comes with tenant requests, complaints or emergencies
- Handling evictions if required
We are here to ensure that communication with the tenants and landlords is handled promptly and without causing any stress. All you need to do is enjoy the perks of being a landlord without the hassle that you can get from some tenants.
Rent responsibilities
A property management company will collect and pay you your rent on an agreed date each month. This may seem simple, but it can be a stressful task, especially if you have more than one property to manage. We can help with:
- Collecting rent on time
- Strictly enforcing any late fees
- Adjusting the rent accordingly and when necessary
- Maintaining accurate accounting records and data
However, we all know that sometimes things don’t go that smoothly, and there may be times when a tenant cannot pay as agreed. If this problem arises then your property management company will handle these disputes on your behalf. We also offer guaranteed rent property management, which means that you can collect rent even when your property is vacant! It may sound too good to be true, be we assure you it’s not! Find out more about our guaranteed rent scheme by getting in touch with our friendly team today.
Staying compliant with legislation
Legal requirements for landlords are constantly changing, and they are always confusing and complicated. Failure to follow and adhere to these may result in serious ramifications, and it is important that you are always up to date. However, if you partner with a property management company, we will ensure that you are always compliant and up to date with all of the relevant regulations. We are here to help keep you as landlords, and your tenants, safeguarded from any legislation.
Managing lease renewals
Lease renewals can be extremely complicated, and they require careful communication and planning to help avert any disputes between landlords and tenants. We want to ensure a smooth negotiation, and our property management company can help with everything from drafting the agreement to negotiating lease terms. We want to help keep your property occupied by reliable tenants, and helping navigate confusing lease renewals is one less thing for you to worry about.
If you are looking for a company that specialises in rental property management in London then look no further. We have over 15 years of experience, and here at Denhan we can offer you a wide range of services to make being a landlord as easy as possible. If you sign up to our services, you can enjoy:
- A dedicated property manager – we want to ensure that our landlords enjoy a special and personal relationship with our property managers, and we want you to have a dedicated point of contact throughout the entire process.
- A professional and qualified team – We have a wealth of knowledge and experience in property management, and we ensure that all our team are up to date with all of their qualifications.
- 24/7 availability – we know that disasters can strike at any time of the day, and we offer 24/7 assistance if there is an unforeseen emergency.
If you would like to explore how we can help with your rental property, then get in touch with our friendly team today. We are here to take away any stress that comes with renting, leaving you to enjoy the perks of being a landlord.